Which of the following is considered an advantage of a sole proprietorship?
A. profit taxed only once
B. limited liability for owner
C. easy to raise large sums of capital
D. permits effective specialization
Answer: A
You might also like to view...
If the MPC is .67, then the oversimplified multiplier is
a. 7.60. b. 6.70. c. 3.00. d. 33.
In the specificfactors model, an increase in the price of the manufactured good will cause:
a. a decrease in nominal wages in both the agricultural and manufacturing sectors. b. an increase in real wages in both the agricultural and manufacturing sectors. c. an increase in both nominal and real wages in both the agricultural and manufacturing sectors. d. an increase in nominal wages in both the agricultural and manufacturing sectors.
Roughly ________ of the increased prices of Japanese automobiles during the 1980s was due to the voluntary export restraints.
a. 25% b. 35% c. 50% d. 95%
Which of the following examples shows a price change in the most elastic range of a linear demand curve?
a. The price of CloseShave electric razors falls from $120 each to $100 each. b. The price of CloseShave electric razors falls from $100 each to $85 each. c. The price of CloseShave electric razors falls from $85 each to $80 each. d. The price of CloseShave electric razors increases from $80 each to $100 each.